Its sister company OEP Building Services went into administration in 2021 owing 135 suppliers £1.7m.
OEP UK bought OEP Building Services in a pre-pack sale for £85,000 led by managing director Iain Crabtree.
Since the deal was finalised OEP UK has won a series of pod supply deals with major contractors and developer.
Construction data specialist Red Flag Alert estimates the company has a turnover of around £5.8m.
Companies House records show Crabtree was a director of a number of dissolved modular firms including Offsite Engineered Panels UK Ltd and OEP Partnership LLP.
One major funder of modular-reliant schemes told the Enquirer that this latest administration intensified the spotlight on the sector.
He said: “We’re seeing increased scrutiny across the sector, particularly around quality, compliance and traceability.
“From a funding perspective, construction is now about managing long-term risk. These are assets held for decades—certainty is critical.
“That comes down to the supply chain. Safety, consistency, proven delivery and full traceability are non-negotiable. Where those aren’t present, risk isn’t removed—it’s simply pushed further down the line.”
Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.The Enquirer has linked-up with Red Flag Alert to offer readers a discount on its services and help you avoid worthless invoices from insolvent companies.
For more information and to benefit from the Enquirer discount visit Red Flag Alert.
